Which Are the 12 Predefined Strategies in Firstock?
The Strategy Watchlist in Firstock comes with 12 predefined option strategies, covering bullish, bearish, and neutral market views. These are ready-made templates that help traders save time and reduce execution errors when deploying multi-leg trades.
š¹ List of Predefined Strategies
| Strategy | View | Risk | Reward | Best Use Case |
|---|---|---|---|---|
| Bull Call Spread | Mild Bullish | Limited | Limited | Expect a slow rise in the underlying |
| Bull Put Spread | Mild Bullish | Limited | Limited | Stay above a key support level |
| Bull Butterfly | Bullish (Target) | Limited | Limited | Profit from a mild rise to a specific target |
| Bull Condor | Bullish (Range) | Limited | Limited | Gain from a small, slow upside within a range |
| Bear Call Spread | Mild Bearish | Limited | Limited | Expect a slow fall in the underlying |
| Bear Put Spread | Mild Bearish | Limited | Limited | Stay below a key resistance level |
| Bear Butterfly | Bearish (Target) | Limited | Limited | Profit from a mild fall to a specific target |
| Bear Condor | Bearish (Range) | Limited | Limited | Gain from a small, slow downside within a range |
| Short Straddle | Neutral | Unlimited | Limited | Expect no movement; profit from time decay |
| Iron Butterfly | Neutral | Limited | Limited | Works best in a narrow expiry range |
| Short Strangle | Neutral | Unlimited | Limited | Profit if expiry stays within a wide range |
| Short Iron Condor | Neutral | Limited | Limited | Ideal for stable, range-bound markets |
Quick Takeaway
- Bullish traders ā Use spreads, butterflies, or condors depending on how strong the trend is.
- Bearish traders ā Use bearish spreads or condors.
- Neutral traders ā Use straddles, strangles, or iron structures for range-bound markets.